Holocene Advisors LP Makes New $7.56 Million Investment in PTC Inc. (NASDAQ:PTC)

Holocene Advisors LP purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,871 shares of the technology company's stock, valued at approximately $7,564,000.

Several other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of PTC by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company's stock worth $1,865,000 after acquiring an additional 61 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of PTC by 2.9% during the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company's stock worth $398,000 after acquiring an additional 62 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock worth $4,690,000 after acquiring an additional 66 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock worth $1,202,000 after acquiring an additional 73 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Berenberg Bank downgraded shares of PTC from a "buy" rating to a "hold" rating and lowered their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Piper Sandler boosted their price target on shares of PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average price target of $205.67.

PTC Trading Up 0.5 %

Shares of NASDAQ:PTC traded up $0.99 during midday trading on Wednesday, hitting $201.19. 542,581 shares of the stock traded hands, compared to its average volume of 804,329. The stock has a market capitalization of $24.17 billion, a PE ratio of 64.69, a P/E/G ratio of 2.70 and a beta of 1.16. The business's 50 day moving average is $188.10 and its two-hundred day moving average is $180.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a one year low of $158.48 and a one year high of $202.77.

Insider Buying and Selling

In related news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company's stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now directly owns 6,843 shares of the company's stock, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,869 shares of company stock valued at $2,555,418 over the last three months. Corporate insiders own 1.17% of the company's stock.

PTC Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.